About Route Mobile
Route Mobile is a company based in Mumbai (India) founded in 2004 by Rajdip Gupta was acquired by Proximus Group in July 2023.. Route Mobile has raised $23 million across 3 funding rounds from investors including Proximus Group, Société Générale and HSBC. The company has 1,580 employees as of March 31, 2024. Route Mobile has completed 6 acquisitions, including 365squared, Call 2 Connect and Cellent. Route Mobile offers products and services including A2P Messaging, WhatsApp Business Platform, Verified Messages, and VoicEX. Route Mobile operates in a competitive market with competitors including RingCentral, Avaya, Vonage, Agora and Bandwidth, among others.
- Headquarter Mumbai, India
- Employees 1580 as on 31 Mar, 2024
- Founders Rajdip Gupta
- Stage Public
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Route Mobile, Ltd.
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Annual Revenue
$534.58 M (USD)13.73as on Mar 31, 2024
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Net Profit
$37.27 M (USD)-14.99as on Mar 31, 2024
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EBITDA
$62.03 M (USD)3.12as on Mar 31, 2024
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Total Equity Funding
$23 M (USD)
in 3 rounds
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Latest Funding Round
$116.68 M (USD), Post-IPO
Nov 18, 2021
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Investors
Proximus Group
& 9 more
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Employee Count
1580
as on Mar 31, 2024
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Investments & Acquisitions
365squared
& 5 more
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Acquired by
Proximus Group
(Jul 17, 2023)
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IPO & Listings of Route Mobile
Route Mobile is a publicly listed company on the NSE with ticker symbol ROUTE in India, operating in the Communications sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Route Mobile
Route Mobile offers a comprehensive portfolio of products and services, including A2P Messaging, WhatsApp Business Platform, Verified Messages, and VoicEX. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables application-to-person messaging for business notifications.
Facilitates business communications via WhatsApp for customer engagement.
Provides secure messaging with brand verification for trust.
Offers cloud telephony solutions for integrated voice communications.
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Funding Insights of Route Mobile
Route Mobile has successfully raised a total of $23M across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $116.68 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Post-IPO — $116.7M
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First Round
First Round
(25 Feb 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Post-IPO - Route Mobile | Valuation |
investors |
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| Oct, 2020 | Amount | Post-IPO - Route Mobile | Valuation |
investors |
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| Feb, 2017 | Amount | Series B - Route Mobile | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Route Mobile
Route Mobile has secured backing from 10 investors, including institutional investors. Prominent investors backing the company include Proximus Group, Société Générale and HSBC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Universal banking and financial advisory services are provided globally.
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Founded Year | Domain | Location | |
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Full-service corporate advisory is provided to global clients.
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Founded Year | Domain | Location | |
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Diversified investment management in multi-asset and fixed income is conducted.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Route Mobile
Route Mobile has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include 365squared, Call 2 Connect and Cellent. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mobile calling and internet services are provided by Defero Mobile.
|
2015 | ||||
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SMS monetization value-added services are provided to telecom operators.
|
2012 | ||||
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Communication automation solutions with IVR and AI tools are provided.
|
2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Route Mobile
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Route Mobile Comparisons
Competitors of Route Mobile
Route Mobile operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as RingCentral, Avaya, Vonage, Agora and Bandwidth, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based unified communication solutions are offered to diverse sectors.
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| domain | founded_year | HQ Location |
Cloud-based unified communication software is delivered for businesses.
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| domain | founded_year | HQ Location |
Provider of contact center business communication solutions
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| domain | founded_year | HQ Location |
Real-time communication and conversational AI solutions are provided by Agora.
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| domain | founded_year | HQ Location |
VoIP communication management is facilitated via a cloud-based enterprise platform.
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| domain | founded_year | HQ Location |
Provider of customer communications management platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Route Mobile
Frequently Asked Questions about Route Mobile
When was Route Mobile founded?
Route Mobile was founded in 2004 and raised its 1st funding round 13 years after it was founded.
Where is Route Mobile located?
Route Mobile is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Route Mobile?
Rajdip Gupta is the current CEO of Route Mobile. They have also founded this company.
Is Route Mobile a funded company?
Route Mobile is a funded company, having raised a total of $23M across 3 funding rounds to date. The company's 1st funding round was a Series B of $23M, raised on Feb 25, 2017.
How many employees does Route Mobile have?
As of Mar 31, 2024, the latest employee count at Route Mobile is 1,580.
What is the annual revenue of Route Mobile?
Annual revenue of Route Mobile is $534.58M as on Mar 31, 2024.
What does Route Mobile do?
Route Mobile was founded in 2004 and is headquartered in Mumbai, India. Operations focus on cloud-based CPaaS platforms that facilitate real-time conversational interactions between businesses and customers. Communication processes are streamlined, customer needs and expectations are analyzed, and insights are provided through a dedicated dashboard. AI and NLP-powered chatbots are integrated to enhance business-customer communications within the telecommunications sector.
Who are the top competitors of Route Mobile?
What products or services does Route Mobile offer?
Route Mobile offers A2P Messaging, WhatsApp Business Platform, Verified Messages, and VoicEX.
Is Route Mobile publicly traded?
Yes, Route Mobile is publicly traded on NSE under the ticker symbol ROUTE.
How many acquisitions has Route Mobile made?
Route Mobile has made 6 acquisitions, including 365squared, Call 2 Connect, and Cellent.
Who are Route Mobile's investors?
Route Mobile has 10 investors. Key investors include Proximus Group, Société Générale, HSBC, DNB, and PineBridge Investments.
What is Route Mobile's ticker symbol?
The ticker symbol of Route Mobile is ROUTE on NSE.
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